Three months composite trading closing support resistance at 14th RSI on the 10th MA 30th MA period copper 2912/14 * 2885 * 2950 * 39 * 3075 * 3037 aluminum 1803/04 * 1775 * 1845 * 41 * 1900 * 1843 Reuters London January 5 - Analysts said that copper was put on hold in a cautious trade on Wednesday, and copper selling prices fell by 7.59% on emerging fund selling on Tuesday. Aluminum futures are also expected to consolidate, falling nearly 8% in the previous trading day. Technical analysts said that before the market finds a new trading range, the movements are expected to fluctuate. Analysts said that the upper resistance is above 3,150 US dollars and the lower support will be the low point reached in December of 2,850. The rebound will confirm that the futures price will be limited to the broad trading range of 2,850 to 3,150-70. At 0739GMT, the three-month copper was quoted at 2,900/10 US dollars per tonne, which was 12 US dollars lower than the composite transaction closing on Tuesday evening. The aluminum support level is expected to be At 1,775/1,780 US dollars, resistance is expected to be around the 30-day moving average at 1,843. At 0739 GMT, three-month aluminum reported 1,796/1,801, down 7 dollars from the previous day.
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